Li-ion

The energy storage market is rapidly evolving with cutting-edge battery technologies leading the way. Ongoing advancements are improving lithium batteries’ safety and longevity, further solidifying their position as the preferred choice for solar energy storage systems. Other promising developments are solid-state batteries, flow batteries, and sodium-ion batteries.

The industry will reach the 1 TWh demand milestone in 2024, with China producing more than three-quarters of the batteries sold globally. The concentration of the production chain in the country has led to a fall in costs and a possible technological shift with the focus on LFP batteries. Cooperation between countries can be strategic to diversify the battery production chain and create sustained demand, assesses the International Energy Agency.

Lohum stated its new lithium refinery will have the capacity to produce 1,000 metric tonnes annually.

South Korean scientists have developed a breakthrough lithium-ion battery technology by modifying the LNMO cathodes that enhances stability and efficiency, boosts battery lifespan, and energy density of Li-ion batteries.

While oversupply remains a feature of the lithium-ion battery production landscape, large production volumes are accelerating innovation and enhancing energy storage competitiveness. S&P Global analysis reveals that balance is likely to return to the global market in the coming years as stationary energy storage and EV adoption continues to accelerate.

Exide Industries Ltd has made equity investment of INR 149.99 crore, on rights basis, in Exide Energy Solutions. The investment will fund Exide Energy Solutions’ greenfield lithium battery plant in Bengaluru and meet its various funding requirements.

Attero is the first Indian company in the e-waste recycling industry to secure the ISO 14064 Certification for GHG Emissions Verification.

The South Korean battery maker expects strong demand momentum in the energy storage space (ESS) and plans to release a new high capacity lithium iron phosphate product with an energy density improved by 20%, alongside other products. To advance its local supply capabilities, the company plans to start ESS battery production in the US next year, and is considering converting European electric vehicle (EV) production lines to ESS.

GFCL EV will utilize the funds to scale its battery material capacities as it looks to capitalize on large-scale global opportunities in the electric vehicle and energy storage system space.

Australian mining and green energy major Fortescue plans to launch its manufacturing efforts in the United States by producing a high-voltage battery pack with up to 34 kWh capacity built around the company’s scalable battery module technology.